trump's soho wasn't even in soho.or is that the tip of the iceberg? >> the office looked at trump's soho once before. the decision was made not to go forward with that case. i think that in the years since donald trump became president, a lot more information has come out. a lot more scrutiny has been paid to his business activities. and you reach a certain point where the quantum of evidence becomes so great that it is time to take action. >> understood and appreciate you taking the questions. and we have learned a lot when we're looking at this kind of case that has the federal presidential history and what the manhattan da is going to do, and we have two of the people top in both those dimensions of the law. we're better for it. i have to fit in a break but tonight a bonkers revolution about shawn hannity busted about the lengths we hent to for donald trump. >>> and what is the blogger in florida demanding now? perhaps a party that doesn't even claim to have ideas. it's chai day next. this is sam with usaa. do you

shares of soho china soared 48% last week. conversion of almost $29 billion of mutual funds from dimensional fund advisors into etf's could signal boom times for the likes of citigroup. according to analysis by bloomberg intelligence, more than $1 trillion worth of mutual fund assets could be converted into etf's over the next decade. in hawaii, tourism has roared back after coming to a screeching halt by the big ten -- after coming to a screeching halt by the pandemic. unemployment hit 15% during the pandemic, but now hotels and restaurants in hawaii have an estimated 40,000 job openings. that is your latest business flash. ritika: thank you. -- kailey: thank you. . you know how much i love hearing about travel reopening. i will not be going to hawaii anytime soon, but you have a bit of trouble coming up. guy: now on the white list, you are able to go. now going to greece. i will add a note of caution. we are starting to see cases picking up in europe. italy just reporting 1400 new coronavirus cases june 16, up from 1255 the

the company behind soho house has filed for an ipo in new york.tive group owns 28 clubs and nine workspaces around the world including a vast hotel complex in london. the company which has yet to make a profit says it plans to use the ipo proceeds to pay down some of its more than $800 million of debt. that is the bloomberg business flash. anna: coming up on this program, the european commission as set to approve germany and italy's recovery plans. we get details on those spending proposals next. this is bloomberg. ♪ erg. ♪ >> international spillovers from u.s. inflation can be amplified if people in the euro area shape the inflation expectations also on the basis of developments in the united states. overall, however, the effects on euro area inflation are expected to be moderate. as the recovery is gathering pace, we need to remain vigilant and ensure that policy support continues to provide a bridge over the pandemic and well into the recovery. anna: that was the european central bank president christine lagarde speaking with lawmakers at the e

lemonis: when i went into the store in soho, blown away. i apologize, and i'm being sincere.ss, and i knew that if i could get scott to come to ben's store, he would see what i saw. if we could just pack up -- ben: there's not very much. lemonis: i didn't say it, but thank you for -- genuinely sorry, but i want to put our best foot forward. scott: no, that's fine. ♪♪ ben: hello! scott: how are you? ben: great. welcome to ben's garden, round two. scott: wow. this is really very impressive. this is a completely different vibe and feel from what we saw in the showroom, for sure. ben: i'm really embarrassed and still kind of, like, unsettled. i don't -- i generally try to get things right. scott: uh-huh. ben: so, i'm going to -- kristin might lead for a little bit to walk through things. kristin: when you come right in through the door, our number-one category that we sell through is going to be decoupage. scott: i was just going to say, so you're keeping your high-selling categories up front so that's the first thing that the consumers see. scott: oh, it's beautiful. kristin: th

rishaad: soho china checking in. c.t.s.e for soho china down to how far the company share price has gone up since blackstone made the offer for it was a 31% premium. in essence factoring in growth here for four or five years and saying, this 6.5% capitalization rate for the investment properties is 6% below the previous net asset value estimate of 5.3. looking at that and taking a look at what is going on because ultimately blackstone did offer to take this office developer into its private equity hands for as much as 23.7 billion hong kong dollars, $3 billion u.s. saying because of this 31% premium the last closing price probably does not have much upside. hence the downgrade. haslinda: goldman bullish over the next five years. we have jeffrey curry and nicklas lowden saying they expect aluminum to go to $2450 this year and as high as $3500 in 2025. aluminum, a cause and cure for climate change. remains optimistic saying aluminum is at the early stage of a multiyear structural bull market. there you go, pretty optimistic.

to a lot of people who are following this, there has been a lot of innings of trump's soho investigationda's office. the mueller investigation, the georgia investigation, thenda and federal courts and sdny. the show is not long enough to get into all the problems. i didn't get into indictments of stone, bannon or manafort. i give you a chance to expand and rebut. >> i would like to rebut that. it is 1st inning of this phase of going after the trump organization and trump and his employees on the taxes. the tax fraud issue and the bank fraud issue. this is the first round of that piece. if we are talking about the whole grand sweep of different things that trump gotten himself into. we are in the 344th round. >> okay. >> sorry, it is not the 1st inning but there are obviously calling someone bluff on this because they have been investigaing much weighter issues. they're charging him with whatever they have and that's provable. that's without prejudice. it is going to be around for at least six months and we'll cobit continue to hear it. >> i am supposed to fit in a break. the question tha

yvonne: they have the potential rival, soho house. what kind of numbers are they targeting? question to her, is there a specific target? essentially what they want to do is just build a community. i guess that is a unique selling point. it is not recreational, not a specific profession. they are looking to a guest build a community that complement each other. yvonne: all right. what if on assignment. david: we will see -- yvonne: what a fun assignment. [laughter] haslinda: 10,000 bucks, i have to reconsider this work. let's look at where we are. jitters [laughter] [laughter] among investors as we await the phnom penh report. 336,000, or one million? let's look at where that is going to head. keep it here with us. ty more ahead in the next hour of bloomberg markets: asia. stay with us. this is bloomberg. ♪ omberg. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stre

i'll be eating the roast beef hero from...parm...in...soho. (doorbell) excellent. and, tonight... i'll be eating the coconut curry chicken from...pikliz...in... winter hill. (doorbell) (giggle) oh, they're excellent. i had so many fried plantains i thought i was going to hurl. do ya think they bought it? oh yeah. (man) so when in doubt, just say, do ya th"let me talkght it? to my manager." next, carvana's 100% online shopping experience. oh, man. carvana lets people buy a car-- get this-- from their couch. oh, how disruptive. no salesman there to help me pick out the car i need. how does anyone find a car on this site without someone like us checking in? she's a beauty, huh? oh, golly! (laughter) i can help you find the color you want. that sounds nice. let me talk to my manager. (vo) buy your next car 100% online. with carvana. >>> president biden getting ready for what's shaping up to be biggest moment of his presidency on the world stage so far. meeting with russian president vladmir putin. i want to bring in fiona hill who helped biden prep for the meeting. she testified in tr

. >>> i was lucky enough to be invited to david mancuso's legendary space in soho called the loft.down. you can get high. stay here all night. >> why are people dancing again? >> i wish i knew. but i'm glad it's happening. ♪ >> what we now know as disco really starts with a band called the trammps. the drummer, earl young, invents the idea of four on the floor with eight on the high hat. so everything is -- ♪ burn, baby, burn ♪ >> that's the sound of disco. ♪ burn, baby, burn ♪ ♪ burn, baby, burn ♪ >> i loved disco. i always loved dance music anyway. because whatever i did as a producer was always danceable. the melody. >> georgio moroder working out of munich put together technology and soulful vocalist. donna summer being the ultimate embodiment. and they make some of the biggest record of all-time. ♪ ooh, love you love you, baby ooh, love to love you, baby ♪ >> "love to love you baby" was four minutes of singing. 14 minutes of -- a lot of not singing. ♪ oh, love to love you, baby ♪ ♪ oh, love to love you, baby ♪ >> i always wondered for the life of me was he just in the booth, m

a private equity firm is near an agreement to buy soho china.pany could be valued at about $3 billion. shares soared 40% last week. -- 48% last week. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. ♪ >> this is going to be a virus that is with us long after the public health emergency has ended and will be something that is a routine immunization, where we do not think much of it, like tetanus or diphtheria. it is given to children at some period of time. tom: my grandmother used to tell me about diphtheria. it was not funny and it was a period 120 years ago where a lot of children died of diphtheria. to the smart people of pharmacology and medicine in america, across europe, that problem went away. dr. amesh adalja with johns hopkins university joins us on this incredibly busy day with a quick brief from lauren sauer of johns hopkins as well. we are going to get to zero deaths. then what do we do? lauren: the first thing

visit freestylelibre.us ♪ >>> i was lucky enough to be invited to the legendary space in soho calledrds. he might play isaac hayes' record. he might play a salsa record. it wasn't so much about a style, as it was an aesthetic of dancing. >> there are four types of people. people who dance, people pop up and down, get high, stay here all night. >> why are people dancing again? >> i wish i knew. but i'm glad it's happening. ♪ >> what we, now, know as disco really starts with a band called the tramps. the drummer, earl young, invents the idea of four on the floor. so, everything is -- ♪ burn, baby burn ♪ >> that's the sound of disco. >> i love disco. i always love dance music, anyway, because whatever i did as a producer was always danceable. >> the melody. >> georgio moroder working out of munich put together technology and soulful vocalists. donna summer being the ultimate embodiment and they make some of the biggest records of all time. ♪ i love to love you baby ♪ >> love to love you baby was four minutes of singing. 14 minutes of a lot of not singing. ♪ oh, love to love you, baby ♪

that is the heart of soho. i think that would be right. opposing attitudes. it's hard to see that neighborhood priced out. broome street was where the cross island expressway, the lower manhattan expressway was going to be. she helped in that campaign and wanted to save the neighborhood, but at what cost? andrew: which at the time was considered a dying, industrial neighborhood, but she saw its potential for rebirth, which, of course, beyond her wildest imagination. >> if there are not any other questions, i would like to thank our guest and -- our guest for joining us and andrew berman being in conversation with her. i remember that the book is available at rizzoli bookstore or on our website and i am happy and honored to have you here and i hope everyone enjoyed this conversation. thank you so much. glenna: thank you. i moved away from new york after i left high school and i have to say rizzoli's was always my favorite bookstore. so i am really pleased to be part of this and delighted to have andrew berman who is doing such good work for the city. thank you

fires and mass including some more than 6 dropped and in manhattan when looters freely assaulted in soho , over 200 of those arrested had their cases dropped. according to the media, pointin out that problem makes you the problem. take new york city mayor candidate who in the last mayoral debate tried to explain what every citizen in this shaken town understands. >> the fact is mentally ill homeless men are changing the character of our neighborhoods. a woman come up my wife ellen i friends with and her mom group was punched in the face by a mentally ill man. this is happening new york city and were not talking enough about it. families are leaving is a result . yes mentally ill people have rights, but you know who else have rights? we have a right to walk the street and not fear for our safety because it mentally ill person is going to lash out at us. he make sense, he smokes he speaks soberly and the exact qualifications democrats hate and a mayor. michelle goldberg who on hearin gang wrote this, every other candidate spoke of homelessness as a disaster for the homeless, yang discussed

. >> that was under the current d.a., you're talking about the cy vance soho probe? that have been shut down? >> i don't think it's appropriate to the evidence. i'm speaking really to the fact that that case, like others, involved back-room meetings between senior staff at the district attorney's office and well-heeled defense lawyers. decisions were made in resulting those cases to be concluded. >> very interesting, you're giving us your perspective with your background, history to speak about cases, all very interesting. lucy lang, thanks for being here. >> thanks for having me. remember to vote everyone. early voting started this weekend. >> it's true, voting is underway. >>> one of our favorite fictional presidents, martin sheen, next. l presidents, martin sheen, next. so you only pay for what you need. hot dog or... chicken? only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ keeping your oysters business growing has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality c

i'll be eating the roast beef hero from...parm...in...soho. (doorbell) excellent. and, tonight...pikliz...in... winter hill. (doorbell) (giggle) oh, they're excellent. i had so many fried plantains i thought i was going to hurl. do ya think they bought it? oh yeah. >> 60 years ago when reverend martin at the king jr. was fighting for voting rights in this country he often had his favorite comedian by his side dick gregory was with dr. king when he gave as i have a dream speech at the march on washington in 1963. >> thank you very much, it's a pleasure being here. nice being out of jail. i'm very confused this year because i never thought i'd say the day i would give up more fingerprints on autographs. >> dick gregory was the hottest ageist comedian of the early 1960s. >> dick gregory was one of the greatest political comedians to ever live. >> the sacrifices he made are not necessarily required of every artist, but they are very special people. every few generations will be blessed with one. they are willing to do that. and when you see these people, you should give them your love

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i'll be eating the roast beef hero from...parm...in...soho. (doorbell) excellent. and, tonight...ll) (giggle) oh, they're excellent. i had so many fried plantains i thought i was going to hurl. do ya think they bought it? oh, i had never seen a picture of her do ya tuntil i got onht it? ancestry. it was like touching the past. my great aunt signed up to serve in the union army as a field nurse. my great grandmother started a legacy of education in my family. didn't know she ran for state office. ended up opening her own restaurant in san francisco. paralee wharton elder, lupe gonzalez, mary sawyers, margaret ross. there's a lot of life that she lived. who are the strong women in your family? >>> in light of tonight's unified and successful republican effort to block debate object voting rights legislation, you heard senate minority leader mcconnell declaring nothing is broken. no need for what he called federal intervention. well tonight, there's someone he might want to talk to, the person who supplies the ballots in maricopa. the same being scrutinized. cnn's kyung lah met the m

at one point, there was even a so-called looting dance party on the streets of soho.many were caught on tape. some with faces visible. >> i got to take all the papers. >> reporter: even posted live their own videos of their actions those nights. >> we got the rolex store. >> reporter: police far outnumbered and seemingly unprepared. but many arrests were made in manhattan and along some commercial streets in the bronx. video shows how numerous bronx stores were ransacked. nypd data we reviewed shows 118 arrests were made in the bronx during the worst of the looting. since then, the nypd says the d.a. and courts have dismissed 73 of those cases. 18 remain open, and there are 19 convictions from mostly lesser counts like trespassing, counts which carry no jail time. >> those numbers are, to be honest with you, it's disgusting. >> reporter: jessica bettencourt owns an eye glass store which was ransacked. she is vice president of a local merchants association. >> they brushed everything off to the side, what happened. >> reporter: in manhattan, nypd data we reviewed shows

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he already probed the trump organization back in 2012 for allegedly defrauding tenants at trump soho.ut he dropped the case saying the tenant victims settled and refused to cooperate on him and he had to focus on other cases with victims who actually want us to take the case. he returned some of the money that year and the rest in 2017 after media scrutiny. and he seemed more warm to trump, according to some, after the 2016 election, even writing this note that, quote, criminal justice issues were important to president-elect trump and offering collaboration. now, we asked vance's office about that for tonight's report. they stress that vance personally supported clinton over trump but the letter was more about the traditional intergovernmental relationships with all white houses, irrespective of political party. so some prosecutors might want to leave that old trump org case with some of those things i just mentioned and the controversy. just leave it behind. but vance clearly doesn't avoid do-overs when he has the evidence. and that brings us tonight to the ultimate do-over. the d.a

i'll be eating the roast beef hero from...parm...in...soho. (doorbell) excellent. and, tonight...l. (doorbell) (giggle) oh, they're excellent. i had so many fried plantains i thought i was going to hurl. do ya think they bought it? for a limited time, oh yeah. you can save more on flights, do ya think they bought it? hotels and rental cars during priceline's freedom sale. and when you get a big deal... ...you feel like a big deal. with the freedom sale at priceline, every trip is a big deal. the harry's razor is not the same. our razors have five german engineered blades designed to stay sharp, so your eighth shave is as smooth as your first. and we never upcharge you for high quality. harry's. available in store and at harrys.com. >>> hey, welcome back to "reliable sources." i'm brian stelter. let me take you to annapolis, maryland at a brand new memorial for five staffers killed inside the gazette newsroom. it will be dedicated on monday, the three-year anniversary of the mass shooting. also this week the admitted killer is going on trial, with a jury set to decide if he is crim

i'll be eating the roast beef hero from...parm...in...soho. (doorbell) excellent. and, tonight...conut curry chicken from...pikliz...in... winter hill. (doorbell) (giggle) oh, they're excellent. i had so many fried plantains i thought i was going to hurl. do ya think they bought it? this past year has felt like oh yeah. a long, long norwegian winter. do ya think they bought it? but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. ♪ it's velveeta shells & cheese versus the other guys. ♪ clearly, velveeta melts creamier. is your family ready for an emergency? you can prepare by mapping out two ways to escape your home, creating a supply kit, and including your whole family in practice drills. for help creating an emergency plan, visit safetyactioncenter.pge.com a little preparation will make you and your family safer in an emergency. a week's worth of food and water, radio, flashlight, batteries and f

junio and you can see too that they've got a number of light carriers that just lost soho at coral sea, but they still have four other operational like carriers. so roughly speaking the correlation of air power in in the pacific at this point carrier air power is about two to one in favor of the japanese at this point and what that means for the americans is that we've been placed in the defensive sort of stance where we've got a ward off, you know blows from the japanese and the japanese have the initiative in this conflict next slide, please. here's what the situation looks like coming out of midway, you know, ouch if you're the japanese you've just lost the four best carriers in. inventory and about 3,000 sailors 250 carrier aircraft. this is a very very bad day at the office. the americans have lost the yorktown in return but the net effect. is that now the balance of carrier air power has kind of reached parity, which doesn't sound all that exciting but in the middle of 1942 in the dark dark middle of this year where everything is just going catastrophically wrong for the allies f

blackstone group is offering $3 billion to take over office developer soho china in its biggest deale chinese real estate market. the new york-based firm put the offer price at five hong kong dollars per share. it said in the stock exchange filing that the chairman and yell have agreed to sell most of their shares and plan to keep a 9% stake after the deal closes. hsbc is set to announce the sale of its french retail unit private equity firm, serapis. the transaction has been agreed to and is acted to be announced in the coming days according to people familiar with the matter. the sale is part of the banks worldwide overhaul to cut assets by more than $100 billion, along with 35,000 jobs. the asian insurer backed by billionaire richard lee is said to be moving ahead of preparations for a long-awaited ipo in new york. they filed with the fcc for the planned share sale later this year which could value it at more than $15 billion. the business -- kathleen: here's some of the big stories we are watching today. in japan, local media reports the government will lift the covid state of em

the organization owns 28 soho house clubs and nine spaces and a retailer.ed a profit, warns of its indebtedness and says it parent -- plans to pay down $800 million of debt using the ipo proceeds. haidi: we are watching the chinese crypto regulatory oversight role we have seen in the downfall or downturn when it comes to bitcoin prices. these are some names we are watching. waiji soft and brilliance technology, some names that could move after china summoned officials from its biggest banks to a meeting to reiterate the official ban on cryptocurrency services. we have seen representatives from icbc, and bank, and alipay, reminded of rules that prohibit lenders from engaging in crypto transactions. this comes on top of what we are seeing, when it comes to the environmental concerns and bans on mining. we are tracking a recovery rally overnight. u.s. futures continuing to look positive. taiex futures into the open looking positive and asia stocks opening higher tuesday. tracking the rebound on the prospect of a gradual policy shift from the fed. some stabilit

when you think about macy's on 34th street, soho last year. the people backed their car up to go inside the stores and take as much as they could. you had 222 looters in manhattan, all right? 22 of those cases had their cases entirely dropped. 73 of the 222 were given a lesser sentence or a charge. >> bill, what you are doing is sending word out to law enforcement and law breakers. break the law, come to new york. it's okay. it is not okay to the good, law abiding citizens of new york who all they want is to have police officers out there serving and protecting. i've got to tell you, what is happening, bill, you have these city officials micromanaging police officers. as a result of that it's very demoralizing. whoever in this race wants to defund police, who wants to take money away from police officers, to me they are not good candidates to be the mayor of any major metropolitan city. we need good police officers. we need to support good police officers. in supporting them, they help us as a community to serve and protect us and communities

i lived on the corner of thompson and spring in soho where i couldn't pay my rent.s of people have dreams, but it became a reality. >> you worked really hard at that, and you're making your book available to many aspiring young entrepreneurs? can you tell us more about that? >> yes. we have an incredible free event actually tomorrow on book launch day, and we're supporting a couple of incredible organizations like girl up and nxt, and we want to be able to give these books for free to these women and men who are joining us tomorrow. if you head over to the linkedin my bio on instagram, you can register, but only the nonprofit partners get the free book, and pinterest has been a great underwriter for the event. we're grateful for them. >> we're grateful to you. thank you for sharing and being here, and we're very, very happy for you. you're an author now. it's got to be a great feeling. >> i'm an author. >> yes. "fearless" is available everywhere tomorrow. thank you, rebecca. [hippo groans melodically] [iguana belts major 3rd] [gator reverb] [splash] [singing indri s